Kingdom transfers 8% stake in Aramco to public investment fund
Edited By WION Video Desk
Published: Mar 08, 2024, 05:00 IST | Updated: Mar 08, 2024, 05:00 IST
Saudi Arabia's sovereign fund has got a big boost from its state-owned oil firm Aramco. The oil-rich kingdom has transferred an 8% stake in Aramco to the Public Investment Fund or PIF . This comes at a time when the kingdom reorganizes its holdings to boost the sovereign wealth fund.
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